Marilyn Messenger's Market Report

Wayland, MA 01778

Single-Family Homes

www.MarilynMessenger.com | marilynmessenger@realtor.com | 1-508-596-3501



Wayland, MA 01778

Wed Jul 17 2019
This week the median list price for Wayland, MA 01778 is $919,000 with the market action index hovering around 26. This is less than last month's market action index of 28. Inventory has held steady at or around 39. Click here to stay informed with the Wayland market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Buyer's Advantage

The market has been consistently cool for several weeks. Demand level are low relative to the available inventory. It's a Buyer's market and prices continue to fall. Look for a persistent shift in Market Action before prices plateau or begin to rise again.

Wayland, MA 01778

Wed Jul 17 2019
This week the median list price for Wayland, MA 01778 is $919,000 with the market action index hovering around 26. This is less than last month's market action index of 28. Inventory has held steady at or around 39. Click here to stay informed with the Wayland market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Buyer's Advantage

The market has been consistently cool for several weeks. Demand level are low relative to the available inventory. It's a Buyer's market and prices continue to fall. Look for a persistent shift in Market Action before prices plateau or begin to rise again.

Real-Time Market Profile

Never miss important changes in the Wayland market.
Median List Price $919,000
Per Square Foot $327
Days on Market 74
Price Decreased 38%
Price Increased 3%
Relisted 0%
Inventory 39
Median House Rent $9,750
Most Expensive $2,900,000
Least Expensive $425,000
Market Action Index
Slight Buyer's Advantage
26

Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$2,199,999 6,780 2.5 - 5 acres 5 5 23 0 0 123
$1,432,000 4,548 1 - 2.5 acres 5 3 44 2 1 104
$719,949 2,153 0.5 - 1 acre 3 2 61 0 1 25
$549,500 1,321 0.5 - 1 acre 3 1 62 1 1 49